Diamond Hill Small Mid Cap Fund Class C
DHMCX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 325 John H. Mcconnell Boulevard Columbus OH United States of America 43215
- IPO Date
- Jan 2, 2019
- CIK
- 0001032423
- Similar Companies
- Business
- Diamond Hill Small-Mid Cap Fund Class C (DHMCX) is an open-end mutual fund that seeks long-term capital appreciation by investing primarily in U.S. equity securities of small- and mid-cap companies with market capitalizations generally between $500 million and $10 billion, or within the range of the Russell 2500 Index, that the investment adviser believes are undervalued based on intrinsic value analysis. The fund employs a bottom-up investment approach, focusing on fundamental economic drivers such as earnings, revenue growth, operating margins, industry competition, regulatory factors, and technological risks; it maintains a long-term temperament, treating each stock as a partial ownership interest purchased at a discount to estimated intrinsic value, with market price expected to converge with intrinsic value over time. Managed by Chris Welch, CFA, since 2005, DHMCX is one of several share classes (including Investor, Class I, and Class Y) of the Diamond Hill Small-Mid Cap Fund offered by Diamond Hill Funds, a series of the Diamond Hill Funds trust, with Class C shares subject to a deferred sales load and higher expense ratio. The fund's core offerings center on an actively managed equity portfolio targeting undervalued small- and mid-cap U.S. stocks across diverse sectors, excluding temporary defensive positions in cash equivalents; it may also hold investment company securities such as ETFs, REITs, and MLPs, as well as limited fixed income or non-U.S. securities under normal conditions. Diamond Hill Funds distributes the fund through Foreside Financial Services, LLC, with investment advisory services provided by Diamond Hill Capital Management, Inc., a subsidiary of Diamond Hill Investment Group, Inc. (NASDAQ: DHIL), which oversees approximately $32.4 billion in assets under advisement across U.S. and international equity, long-short, and fixed income strategies. Geographically, the fund focuses on U.S. domestic equities, serving institutional and retail investors including 529 plans and retirement accounts; Diamond Hill Investment Group, founded in 1990 and headquartered in Columbus, Ohio, operates primarily in the United States with no significant international subsidiaries for this strategy. The Small-Mid Cap Fund reopened to new investors in October 2023 after a seven-year closure, amid net outflows reducing assets from a $2.5 billion peak in 2018 to about $1.9 billion by mid-2023, with total net assets for related Class Y shares at approximately $896 million as of late 2025. In recent developments, Diamond Hill Investment Group announced a definitive agreement on December 10-11, 2025, to be acquired by First Eagle Investments in an all-cash transaction valued at approximately $473 million, or $175 per share—a 49% premium to the prior closing price—expected to enhance resources, distribution, and capabilities while preserving the firm's investment philosophy and teams. Earlier in 2025, the firm converted its Large Cap Concentrated mutual fund to the actively managed Diamond Hill Large Cap Concentrated ETF (DHLX), targeting 20-30 large-cap stocks, reflecting a strategic shift toward ETF structures amid stabilizing margins. In May 2024, the Diamond Hill Funds trust updated its board officers, appointing Alyssa A. Bentz as Chief Compliance Officer, succeeding Gary R. Young, alongside routine administrative changes.